A Cell Phone Manufacturing Company Is Said to Functionally Modify

question 49

Multiple Choice

A cell phone manufacturing company is said to functionally modify one of its products if it:

• A)introduces a sleek and stylish version of the cell phone with the same specifications.
• B)reduces the price of the cell phone ahead of a sale.
• C)introduces stylish headphones for the cell phone.
• D)releases a software update to fix the cell phone's heating problem.

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Definitions:

Automatically Terminate

The ending of an agreement, contract, or employment without the need for action by either party, often triggered by predetermined conditions.

Contractual Capacity

The legal ability of an individual or entity to enter into a contract, requiring an understanding of the terms and the ability to comprehend its obligations.

Promissory Estoppel

A doctrine under which a promise is binding if the promise is clear and definite, the promisee justifiably relies on the promise, the reliance is reasonable and substantial, and justice will be better served by enforcing the promise.

Consideration

A fundamental concept in contract law that involves something of value exchanged between parties as part of an agreement.